Chris Whalen: New Bank Bailouts Under Dodd-Frank For Bank Of America, Wells Fargo Within 12 Months (VIDEO)

Dec 31, 2010 at 12:41 PM
DailyBail in Bank Bailouts, Bank of America, bailout, bank bailouts, bank of america, banks, banks, chris whalen, chris whalen, video, wells fargo, wells fargo

Editor's Note: A look back at one of the best Whalen clips of 2010.

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Video:  Chris Whalen - AEI - Nov. 9, 2010

• "2011 will be a year of massive pain and restructuring for big banks."

Brand new.  No other sites have found or posted this one.  Another first for DB readers.  Best clip I've seen this week.  Runs just 3 minutes.  Huge government restructuring and intervention is on the way.  Next year will be a killer.

• "Foreclosures are going to overwhelm Bank of America and Wells Fargo."

You will hear that Lehman's estate owns Whalen's mortgage and they can't legally foreclose.  Not due to the Lehman bankruptcy, instead because they never changed the record 7 years ago when they purchased the loan from Bank of New York.

 

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Recent articles from Chris...

• The Fed's Zero Rate Policy is Destroying America

• Refinancing, Not Foreclosures, is the Issue

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Recent video from Whalen...

 

• "Fannie Mae Is Now The Largest Landscaping Company In The U.S." (2-minute clip)

 

• Bernanke's Road To Deflation: Will Quantitative Easing Work As Intended?

 

• Chris Whalen & Nouriel Roubini On A New Gold-Backed Currency: "Paper Assets Are Headed To Zero" (VIDEO)

 

 

Article originally appeared on The Daily Bail (http://dailybail.com/).